Tag: Health expenditures
In brief: MA reform, Invacare credit, health expenditures
June 21, 2023HME News Staff
LOS ANGELES – A new analysis by researchers at the University of Southern California warns that overpayments to Medicare Advantage plans now exceed 20%, or $75 billion annually, underscoring the urgent need for reform.
Researchers with the USC Schaeffer Center for Health Policy & Economics found that the millions of beneficiaries in traditional Medicare who have switched to Medicare Advantage plans have lower spending than those with similar health risks. They report this pattern of...
CMS: ACA spurs growth in health spending
December 3, 2015HME News Staff
WASHINGTON - Overall national health expenditures grew by 5.3% in 2014, as millions of uninsured Americans gained health coverage through the Affordable Care Act, the CMS Office of the Actuary reported Dec. 2.The report also credits rapidly rising prescription drug costs for the growth.“Still, the rate of growth remains below the level in most years prior to the coverage expansion, while out-of-pocket costs grew at the fifth lowest level on record,” said CMS Acting Administrator Andy...
CMS: Growth in health spending remains low
January 7, 2014HME News Staff
WASHINGTON - Overall national health expenditures grew at an annual rate of 3.7% in 2012, marking the fourth consecutive year of low growth, the CMS Office of the Actuary reported Jan. 7.Health spending as a share of gross domestic product fell slightly from 17.3% in 2011 to 17.2% in 2012.“For the second straight year, we have seen overall healthcare costs grow slower than the economy as a whole,” said CMS Administrator Marilyn Tavenner in a release. “This is good news. We will...